177
177
Apr 8, 2013
04/13
by
CNBC
tv
eye 177
favorite 0
quote 0
that's where things go terribly wrong for jc penney. jc penney is back at its '09 lows. that's emergency room type stuff. the market is at its '07 highs. macy's returned to '07 highs. mark makes that good point. it is a good chart. here's the thing about let's just say it is someone in the emergency room. why not wait until the operation is finished and we do get a first sign of life from the patient? i think buying here is -- is risky. in a sense that one doesn't have to be a hero. let the patient heal a little bit. let's show some vital signs. that's the history of buying stocks in down trends. often it's wrong. it's why the phrase value trap was created. we think that's what this is. we let someone else take the first four or five points off the low. then become interested. >> all right. >> i think there's something to be said, though, about buying into a panic, buying when there's blood in the streets. that's certainly the case with jc penney. if you wait until the business turns around it's going to be too late. the stock will have aappreciated already. >> oh, sure.
that's where things go terribly wrong for jc penney. jc penney is back at its '09 lows. that's emergency room type stuff. the market is at its '07 highs. macy's returned to '07 highs. mark makes that good point. it is a good chart. here's the thing about let's just say it is someone in the emergency room. why not wait until the operation is finished and we do get a first sign of life from the patient? i think buying here is -- is risky. in a sense that one doesn't have to be a hero. let the...
61
61
Apr 8, 2013
04/13
by
CNBC
tv
eye 61
favorite 0
quote 0
macy's lawyers allege jc penney is currently in violation of the injunction. they asked if they could pull up the jc penney website and point out products like the martha stewart plastic pitchers and martha stewart plastic champagne flutes on sale at jc penney. lawyers argue they can't do this. this is part of our exclusive category. the judge said talk to your clients, figure it out. if you can't, i will. urging the parties to settle it for themselves. we spoke to charles koppelman, former martha stewart living chairman. he did testify the day that the judge sent this trial into mediation to see exactly what he thinks about everything that's going on here. >> i think the beauty is that when this is all over, martha's designs will be in macy's and they'll be in jc penney and they'll continue to be in all the other places that they're currently in. i think a lot of personal is now involved in this trial. and this should have been just resolved and settled before we even got here. >> reporter: and we know that's a lot of it when it comes down to it. this is big
macy's lawyers allege jc penney is currently in violation of the injunction. they asked if they could pull up the jc penney website and point out products like the martha stewart plastic pitchers and martha stewart plastic champagne flutes on sale at jc penney. lawyers argue they can't do this. this is part of our exclusive category. the judge said talk to your clients, figure it out. if you can't, i will. urging the parties to settle it for themselves. we spoke to charles koppelman, former...
45
45
Apr 3, 2013
04/13
by
CNBC
tv
eye 45
favorite 0
quote 0
is home or jc penney's long awaited turn around? let's bring in the president of sw retail advisers. stacy, it's great to have you with us. >> hi, melissa. >> ron johnson has called this turn around particularly in home goods pivotal. and yet this has been the worst-performing category jc penney for the past seven years straight. is this possible? >> right. it is pivotal for ron johnson here. this has to work for him. this represents about 12% of the business, home used to represent about 20% of the business years back. so there's a huge opportunity here. and they're bringing in brands like michael grays, like jonathan adler, but martha stewart, that's a big question mark. there's an opportunity, but the question is, they've got to get the traffic back to let the people know that the home is transformed and the traffic's down 17%. >> now, the problem is they have to get the traffic back in every single category, not just home goods. and for home goods, that's where the lunch has absolutely been eaten. if you take a look at home good
is home or jc penney's long awaited turn around? let's bring in the president of sw retail advisers. stacy, it's great to have you with us. >> hi, melissa. >> ron johnson has called this turn around particularly in home goods pivotal. and yet this has been the worst-performing category jc penney for the past seven years straight. is this possible? >> right. it is pivotal for ron johnson here. this has to work for him. this represents about 12% of the business, home used to...
112
112
Apr 9, 2013
04/13
by
CNBC
tv
eye 112
favorite 0
quote 0
that is a fresh 12-year low for jc penney. courtney reagan is outside of a jc penney this morning. good morning once again. >> reporter: good morning again, carl. many are not surprised at the nature of the move with johnson stepping aside. many analysts that i have spoken to who speak to management often are surprised with the timing of the move. many thought johnson would be given one or two more quarters to complete the transformation and move the needle more on the sale. and many speculate that had the shares would really pop if and when johnson did indeed step down. clearly investors are uncertain about the choice for mike as the interim ceo. shares seeing the biggest plunge sbins the company announced the fourth straight quarterly loss when shares plunged back on january 28th. i spent time with johnson and while he nitt eadmitted it was h year, he was still steadfast in his belief that this strategy was the right one. on the one-year anniversary i asked johnson what he would do different now that he knows what he knows now. listen to what he said. >> if i that had to do it ov
that is a fresh 12-year low for jc penney. courtney reagan is outside of a jc penney this morning. good morning once again. >> reporter: good morning again, carl. many are not surprised at the nature of the move with johnson stepping aside. many analysts that i have spoken to who speak to management often are surprised with the timing of the move. many thought johnson would be given one or two more quarters to complete the transformation and move the needle more on the sale. and many...
378
378
Apr 12, 2013
04/13
by
CNBC
tv
eye 378
favorite 0
quote 0
we'll ask him about jc penney, as well. also steve liesman talking with boston fed president eric rosengren, when will it be the time to wind down qe3. keep it here. post 9. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops h
we'll ask him about jc penney, as well. also steve liesman talking with boston fed president eric rosengren, when will it be the time to wind down qe3. keep it here. post 9. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond...
36
36
Apr 8, 2013
04/13
by
KNTV
tv
eye 36
favorite 0
quote 0
macy's and jc penney's head back to court in the dispute over which retailer has the right to sell martha stewart brand of products. a judge put the trial on hold ordering the companies into mediation. it appears there has been little progress in the talk. a decision in favor of macy's could be a major setback for jcpenney's. >>> we want to talk to christina about the winds. >> something we want to make sure everybody is aware of before they hit that highway. a lot of kids going back to school before spring break. you might be a parent getting ready to take your little one to school. these are your sustained wind speeds. these are not your gusts. we are gusting 40, 50 miles per hour. it is one of those windy days that we don't traditionally see in the san jose area. it has been pretty gusty all night long, fierce winds taking out trees and branches. travel cautiously and get ready to navigate. 21 miles per hour sustained in san jose, 24, sunnyville. look at san francisco. sustained at 30 miles per hour. that is a strong enough sustained speed to force that away. back to business monday. w
macy's and jc penney's head back to court in the dispute over which retailer has the right to sell martha stewart brand of products. a judge put the trial on hold ordering the companies into mediation. it appears there has been little progress in the talk. a decision in favor of macy's could be a major setback for jcpenney's. >>> we want to talk to christina about the winds. >> something we want to make sure everybody is aware of before they hit that highway. a lot of kids going...
89
89
Apr 9, 2013
04/13
by
KICU
tv
eye 89
favorite 0
quote 0
sources say jc penney ceo ron johnson is out! jcp shares jumped 11% in after hours trading after cnbc reported that johnson will leave the company. interim ceo mike ullman will takeover the role. taking flight. united airlines will fly boeing's 787 dreamliner in a trip from denver to houston on may 31st. it is the first airline that will do so since the faa grounded the aircraft back in january. confirmed! the senate has confirmed former wall street prosecutor mary jo white to head the securities and exchange commission. let's jump on in and take a look at the markets with doug rothschild of performance trust investment. doug, you follow the bond market...it was a miserable jobs report friday---what kind of bond action did you see after the report? > >you did see a bad jobs report come out on friday and the market reacted, certainly the bonds. and you've seen yields at their lowest point that we've seen in sevearl months and a pretty big---about 30 point move in the bond market in the last couple weeks. what's really driving that
sources say jc penney ceo ron johnson is out! jcp shares jumped 11% in after hours trading after cnbc reported that johnson will leave the company. interim ceo mike ullman will takeover the role. taking flight. united airlines will fly boeing's 787 dreamliner in a trip from denver to houston on may 31st. it is the first airline that will do so since the faa grounded the aircraft back in january. confirmed! the senate has confirmed former wall street prosecutor mary jo white to head the...
158
158
Apr 8, 2013
04/13
by
CNBC
tv
eye 158
favorite 0
quote 0
. >> macy's and jc penney back in court today in the battle over martha stewart home goods. a month-along mediation effort appears to have failed. courtney reagan is in downtown manhattan and she's been following this thing from the opening gavel. courtney? >> reporter: that's true, david. here we are again at the new york state supreme court in the trial that pits martha stewart living between jc penney and macy's. this is a month after the parties separtjudge sent the parties into mediation. he only allotted three weeks for that trial and when that time ran out there were still arguments left to be heard. the judge is growing increasingly frustrated with all of the parties urging them multiple times to come to a settlement. you guys will be happier if you decide as business leaders how to work this out. if i make the decision inevitably someone will be unhappy. the judge did note in court thanking martha stewart for reaching out to macy's ceo. the two hadn't spoken since late 2011 to tell him about the jc penney deal and lundgren said even thinking about it made him sick t
. >> macy's and jc penney back in court today in the battle over martha stewart home goods. a month-along mediation effort appears to have failed. courtney reagan is in downtown manhattan and she's been following this thing from the opening gavel. courtney? >> reporter: that's true, david. here we are again at the new york state supreme court in the trial that pits martha stewart living between jc penney and macy's. this is a month after the parties separtjudge sent the parties into...
389
389
Apr 30, 2013
04/13
by
WRC
tv
eye 389
favorite 0
quote 0
yet stewart and jc penney disagree. what drives you? >> two new kbragrandchildren. >> is that really one of the driving forces? >> oh, yes. i adore them. my article is due soon for making little dresses for girls out of old dish towels. see? >> that's not true. it sounds like a "saturday night live" skit. >> it's true. i mean vintage dish towels and anybody can make these dresses. >> what's your best piece of advice you were ever given, martha? >> my dad said to me when i was maybe 12. he said, martha, you are a bright young woman. you can do anything you set your mind to. because you're a hard worker. >> our conversation with martha stewart. savannah? >> all right, matt. thank you so much. >>> now to a personal crisis for a woman who helped others change the way they think about themselves and their bodies. maria schriver had the opportunity to sit down with her. good morning to you. >> reporter: good morning, savannah. almost 20 years ago eve ensler shocked the world with her one-woman show "the vagina monologues." the award-winning p
yet stewart and jc penney disagree. what drives you? >> two new kbragrandchildren. >> is that really one of the driving forces? >> oh, yes. i adore them. my article is due soon for making little dresses for girls out of old dish towels. see? >> that's not true. it sounds like a "saturday night live" skit. >> it's true. i mean vintage dish towels and anybody can make these dresses. >> what's your best piece of advice you were ever given, martha?...